I would like to use the word “mature” to describe the trend and situation of the real estate industry. Every year we would invite a group of Chinese real estate elites to study abroad. During the study period, the Director of the Real Estate Department of Wharton School would give us lectures. He used to begin with the sentence “I study the U.S. real estate market, but I do not understand China’s real estate market.” When we first heard him say this, we wondered how he became the director of the Real Estate Department of Wharton School if he even did not understand China’s real estate market. Later on, we came to see that China’s real estate market and the global real estate market are completely not on the same page.
When the American company HINES entered China, the first advisement I did for it was “American standard, made by HINES”. But it was driven out in 2010 and 2011. Why? China’s development logic and market logic were totally different from the U.S. In a word, China is a developing country. The American real estate market is a mature market. By far we have started to understand this idea. China’s real estate industry is gradually maturing.【Details】
Mr. Hu Yongming, Vice President of South China Region of E-House Enterprise Group
Mr. Chang Ke, Secretary General of Guangdong Real Estate Association
Mr. Zhou Jun, Secretary General of China Smart Home Industry Alliance
Mr. Chen Ang, President of GREENTOWN Technology Industry Service Co., Ltd.
Mr. Pan Wenyan, CTO of Changcheng Property
Mr. Shen Zui, Deputy Brand General Manager of Midea Real Estate Group
Mr. Xie Peng, CTO of Enjoy Link of Gemdale
Mr. Li Rongjiang, Operation Director of Poly Xin-Wisdom
Hu Yongming, Vice President of South China Region of E-House Enterprise Group
Chang Ke, Secretary General of Guangdong Real Estate Association
Zhou Jun, Secretary General of China Smart Home Industry Alliance
Sammy Lei, CEO of XLINK